A project manager is leading a software development project. A competitor unexpectedly releases a new feature that makes the project's core value proposition obsolete.<br/><br/>Which TWO actions should the project manager take FIRST? (Select TWO)

Cancel the project immediately to save resources.

Analyze the impact of the competitor's release on the project's business case.

Ignore the competitor and focus on the original scope.

Accelerate the schedule to beat the competitor.

Present options (e.g., pivot, cancel, modify) to the project sponsor.

File a lawsuit against the competitor.